Enabling Convenient Cross-Border Transactions: MBL's Collaborative Efforts

Machhapuchchhre Bank Limited (MBL) has forged agreements with Nepal Clearing House Limited (NCHL) and FonePay Private Limited to facilitate cross-border payments between India and Nepal.

Through these partnerships, Indian visitors to Nepal can now make instant payments for goods and services using UPI-enabled apps, thanks to MBL's collaboration with FonePay Private Limited.

MBL has partnered with Nepal Clearing House Limited (NCHL) to become a Participating and Settlement Bank for cross-border payments and remittances, enabling both Indian and Nepali citizens to send money conveniently between the two countries within regulatory limits.

This initiative aims to eliminate the need for cash transactions, providing enhanced banking experiences for customers. Machhapuchchhre Bank Limited remains committed to innovation, collaboration, and personalized service, striving for excellence in banking as evidenced by various awards and recognitions received.